onejayhawk
Afflicted with reason
The institute definitely leans libertarian.
J
J
And tax cuts. The fact that they are not in the bottom two groups is telling. Close, though.I find Kansas' rather low rating (#32) amusing in light of Brownback's obsession with austerity and conservative policy dogma.
And tax cuts. The fact that they are not in the bottom two groups is telling. Close, though.
J
Say what? Not disclose what details? They are all linked on line #2
Look again. I 'll give you free market, but hardly right wing. Libertarian perhaps.
J
You're giving it too much credit.Given Kansas shares the generally low population and homogeneous demographics with the Dakotas, Wyoming, Nebraska, and Wyoming, (all "top 10",) 32 is pretty catastrophic for an administration that prides itself on "fiscal responsibility" and "business acumen."
Other than that amusing tidbit, though, this chart (like most statistics) doesn't really say much until compared to other data - per capita income, educational rankings, life expectancy, natal and maternal mortality rates, income disparities, incarceration rates, infrastructure quality, et cetera.
This chart isn't statistics. "Fiscal Condition" is defined as things fiscal conservatives like - it isn't some neutral fact, fiscal conservative values are baked into the analysis. (For instance if you dig into their methodology they will penalize states for having higher tax rates)
I know that Boston, New York City, and Washington DC have been staggered by problems with their public transportation systems. Their subways, specifically. I don't know if any of Florida's major cities even has a subway, so their public transportation systems are, I would guess, much less of a fiscal burden. Does that make Florida's public transportation "better"?
In fairness, you should acknowledge that he intentionally cut revenue as well as the austerity measures. Also, Kansas did not benefit from the fracking boom during the Obama years as much as the other states.Given Kansas shares the generally low population and homogeneous demographics with the Dakotas, Wyoming, Nebraska, and Wyoming, (all "top 10",) 32 is pretty catastrophic for an administration that prides itself on "fiscal responsibility" and "business acumen."
Other than that amusing tidbit, though, this chart (like most statistics) doesn't really say much until compared to other data - per capita income, educational rankings, life expectancy, natal and maternal mortality rates, income disparities, incarceration rates, infrastructure quality, et cetera.
If you have dug in the methodology, please share. For the record, there are five definitions of solvency used.You're giving it too much credit.
This chart isn't statistics. "Fiscal Condition" is defined as things fiscal conservatives like - it isn't some neutral fact, fiscal conservative values are baked into the analysis. (For instance if you dig into their methodology they will penalize states for having higher tax rates)
If you have dug in the methodology, please share. For the record, there are five definitions of solvency used.
This ranking of the 50 states, reproduced on the following page from page 29 of the study, is based on their fiscal solvency in five separate categories:
• Cash solvency. Does a state have enough cash on hand to cover its short-term bills?
• Budget solvency. Can a state cover its fiscal year spending with current revenues, or does it have a budget shortfall?
• Long-run solvency. Can a state meet its long-term spending commitments? Will there be enough money to cushion it from economic shocks or other long-term fiscal risks?
• Service-level solvency. How much “fiscal slack” does a state have to increase spending if citizens demand more services?
• Trust fund solvency. How large are each state’s unfunded pension and healthcare liabilities?
I suspect the opposite of your assumption is true. A fiscal conservative would be interested in demonstrating that higher taxes did not improve solvency. That would require care to not penalize higher taxes.
J
Go on.
J
It directly states that higher tax rates are penalized in their analysis, as Lexicus noted what more do you require?Go on.
J
No, it does not. It says that higher tax rates have less slack to raise tax rates. That's common sense, not a penalty.It directly states that higher tax rates are penalized in their analysis, as Lexicus noted what more do you require?
It's a justification for the penalty. But the truth of that statement is debatable. For instance, it stands to reason that states with higher tax rates have citizenry and industries that are more tolerant of tax increases when needed for the greater good - so maybe there's actually more slack in high tax states. Or it might be noted that citizens might be less apt to demand more services because they already have more. Recall your earlier point:No, it does not. It says that higher tax rates have less slack to raise tax rates. That's common sense, not a penalty.
You will note that said care was not given. Instead it was flatly assumed that higher taxes resulted in diminished solvency based on unsupported conjecture instead of in-depth analysisI suspect the opposite of your assumption is true. A fiscal conservative would be interested in demonstrating that higher taxes did not improve solvency. That would require care to not penalize higher taxes."
You have your opinion and you are entitled to it. All I will say is that your logic has been refuted.
J
You have your opinion and you are entitled to it. All I will say is that your logic has been refuted.You have your opinion and you are entitled to it. All I will say is that your logic has been refuted.
J
No, it does not. It says that higher tax rates have less slack to raise tax rates. That's common sense, not a penalty.